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3.11 BNB Suggestion
From the 4-hour Bollinger Bands, the channel is narrowing downward, indicating that the overall trend is relatively weak at the moment. The price is clearly resisted by the upper band during rebounds, and after a quick rise, a pullback is likely to follow, showing limited continuity. In this situation, the upper band often acts as a short-term resistance level, and you can consider looking for opportunities in this area.
Trading Suggestions
Short at 648-655 on rebounds, with a target down to 635-625.
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